TSXV:AAA.P - Post by User
Post by
glorieuxon Sep 07, 2011 11:37pm
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Post# 19020966
Maybe no hurry to buy
Maybe no hurry to buyBut there are good reasons to buy. Will we see prices under $1.30 again, probably. Is there much downside from here barring a collapse of world market, I do not think so. I traded this a few times in the past and took a small position today under $1.30 which has seen good support in the past. If we are staying under that mark tomorrow, I will be adding to my position, no doubt about it. It may take a week or a month but the big boys will be buying this one at some point once their DD is done and we will get repriced accordingly. This one also has been traded by many in the past. If we get some volume tomorrow, do not be surprised to see the traders jump all over this and give us a good run for a few days.
Glorieux